Lean hog futures posted gains of 50 to 77 cents across most contracts on Friday, with October slipping 87 cents on the week. USDA’s national base hog price was reported at $94.27 in the Friday PM report, up $1.93 from the day prior. The CME Lean Hog Index was down another 24 cents on August 19 at $93.72.
Friday’s Commitment of Traders data showed managed money adding 8,365 contracts back to their net short position in lean hog futures and options during the week of August 18. That took their net short to 23,486 contracts.
